Breaking News: Technology

Why it's bad news for the entire market when Apple has a big drop

Why it’s bad news for the entire market when Apple has a big drop

Apple stock is down over 8% this week, wiping out about $200 billion in value and dragging down the Dow and Nasdaq indexes. The iPhone maker is now officially in a bear market alongside other technology giants. Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every …

Why it’s bad news for the entire market when Apple has a big drop Read More »

Boeing considers redesigning crucial valve for Starliner space capsule

Boeing considers redesigning crucial valve for Starliner space capsule

Boeing’s Starliner capsule for the Orbital Flight Test 2 (OFT-2) mission is lifted on top of United Launch Alliance’s Atlas V rocket on May 4, 2022. Frank Michaux/NASA Boeing is examining whether to redesign the propulsion valves on its Starliner crew capsule, a crucial system that has kept the company from flying astronauts for NASA …

Boeing considers redesigning crucial valve for Starliner space capsule Read More »

Alphabet CEO Sundar Pichai: CNBC interview

Alphabet CEO Sundar Pichai: CNBC interview

CNBC: Sundar Pichai, CEO of Alphabet and Google being interviewed by Deirdre Bosa. CNBC Google CEO Sundar Pichai said that while consumers are putting the Covid pandemic in the rearview mirror, the economy is clearly a growing concern for the company and the broader market. “We definitely see uncertainty ahead, like everyone else,” Pichai told …

Alphabet CEO Sundar Pichai: CNBC interview Read More »

Roblox pops 10% after initial earnings dip

Roblox pops 10% after initial earnings dip

A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% on Wednesday morning, marking a stark turnaround from an initial 10% plunge Tuesday …

Roblox pops 10% after initial earnings dip Read More »

Coinbase (COIN) earnings Q1 2022

Coinbase (COIN) earnings Q1 2022

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase reported first-quarter earnings that missed analyst estimates after the bell on Tuesday. Shares fell as much as 19% in extended trading, before rebounding. …

Coinbase (COIN) earnings Q1 2022 Read More »

Uber to cut down on costs, treat hiring as a 'privilege': CEO email

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email

Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late …

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email Read More »

Facebook plans to reduce hiring as revenue growth slows

Facebook plans to reduce hiring as revenue growth slows

Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg tested about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles …

Facebook plans to reduce hiring as revenue growth slows Read More »

Rocket Lab CEO touts helicopter catch of rocket as key toward reusable goals

Rocket Lab CEO touts helicopter catch of rocket as key toward reusable goals

The Electron booster comes into view of the company’s helicopter for the catch. RocketLab Rocket Lab CEO Peter Beck heralded the company’s first attempt on Monday to catch its Electron rocket booster using a helicopter after launch as “phenomenal,” telling CNBC that the test “achieved 99%” of the company’s goals toward reusing rockets. “Yesterday was …

Rocket Lab CEO touts helicopter catch of rocket as key toward reusable goals Read More »

Lyft earnings Q1 2022

Lyft earnings Q1 2022

A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, US, August 20 , 2020. Mike Blake | Reuters Shares of Lyft lost more than a …

Lyft earnings Q1 2022 Read More »

Amazon workers at second Staten Island warehouse reject union

Amazon workers at second Staten Island warehouse reject union

Amazon Labor Union organizers hold signs outside of the LDJ5 Amazon Sort Center on April 25, 2022 in New York City. Michael M. Santiago | Getty Images Employees at an Amazon warehouse on Staten Island overwhelmingly rejected a unionization effort on Monday, a significant victory for the e-retailer a month after a nearby fulfillment center …

Amazon workers at second Staten Island warehouse reject union Read More »